Alex Ossola

A senior U.S.

official says that sustained sanctions relief would depend on how Iran complies with core U.S.

demands, like opening the Strait of Hormuz and the dismantling of Iran's nuclear program.

Tehran would also still not get immediate access to billions of dollars in frozen funds.

WSJ national security correspondent Alex Ward is reporting from Geneva and says this will be a financial benefit to Iran, a sensitive topic for the Trump administration.

Alex says some of Trump's supporters are skeptical of the deal.

SpaceX said today that it would buy the parent company of AI coding agent Cursor for $60 billion in stock.

Cursor is a favorite tool of Silicon Valley, and it already brings in billions of dollars in annual revenue.

The deal comes just a few days after SpaceX's historic IPO, and on the same day that SpaceX surpassed Amazon in market cap.

At $2.66 trillion, it's now the fifth largest publicly traded company.

For more, I'm joined now by journal reporter Becky Peterson.

Becky, what does SpaceX want to do with Cursor?

One of the things I remember from the lead up to SpaceX's IPO is that many of these big projections for SpaceX's future really built around its AI business.

So how critical is this acquisition to SpaceX's business?

Well, speaking of prices, I mean, Cursor, yes, was known as a Silicon Valley darling.

It kicked off this vibe coding trend.

But can you tell us a little bit about what it does and why it's worth $60 billion?

Today, SpaceX's stock rose almost 5%, and it's now about 50% higher than its IPO price.

What is driving this investor enthusiasm?

That was WSJ reporter Becky Peterson.